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U.S. Sen. John Thune (R-S.D.) and U.S. Rep. Dusty Johnson (R-S.D.) today joined “Your World with Neil Cavuto” to discuss how their bipartisan, bicameral Ocean Shipping Reform Act will help alleviate strain across the supply chain. Following passage by the U.S. House of Representatives last night and the U.S. Senate passing the bill unanimously in March, Thune and Johnson’s legislation now heads to the president’s desk, where it’s expected to be signed into law.
Sen. Thune on the origins of this legislation:
“We were hearing from agricultural interests in South Dakota, exporters, about these challenges they were having getting containers to get their products to overseas markets. And it was coupled with all the challenges people are having, importers are having, getting goods into the country, and so these supply chain issues were becoming more of a prominent issue for people that we represent.
“And so, ironically, you have two people from the middle of the country, House and the Senate, work together to try and do something to clear up a lot of that congestion at the West Coast ports and got this bill through the House, through the Senate. Dusty got it through the House and on the president's desk, and we're hopeful it's going to make a difference.”
Rep. Johnson on the supply chain and inflation:
“Our legislation tells foreign ocean carriers if they're going to use U.S. ports, and if they have cargo space available going back to Asia, they gosh darn better take American corn, beans, dairy, beef, and manufactured goods. That is going to make a big difference.”
“We don't just need China to stop discriminating against American goods. We also need our own president to stop discriminating against American energy. I mean, these gas prices are insane. It clearly puts upward pressure on inflation. The fact that he will go to Saudi Arabia and beg these guys to bail us out, but he won't look to ethanol, and he won't look to American domestic production of gas and oil is beyond my understanding.”